Remitly Global Inc expected to post a loss of 14 cents a share - Earnings Preview

Remitly Global

01/11/2022 02:04

* Remitly Global Inc  RELY.OQ   RELY.O  is expected to show
a rise
in quarterly revenue when it reports  results on November 2. 
    * The Seattle Washington-based  company is expected to
report  a
34.3% increase in revenue to $162.856 million from $121.24
million a year ago, according to the mean estimate from 6
analysts, based on Refinitiv data. 
    * ​Refinitiv's mean analyst estimate for Remitly Global Inc
is for
a loss of 14 cents per share. 
    * The current average analyst rating on the shares is "buy"
and
the breakdown of recommendations is 8 "strong buy" or "buy," no
"hold" and no "sell" or "strong sell."  
    * The mean earnings estimate of analysts was unchanged in
the last
three months. ​
    * Wall Street's median 12-month price target for Remitly
Global
Inc is $14​, above​ its last closing price of $11.62. ​​​

Previous quarterly performance (using preferred earnings measure
in US dollars). ​
 QUARTER       STARMINESM  REFINITIV  ACTUAL    BEAT,   SURPRI
 ENDING        ARTESTIMAT  IBES                 MET,    SE %
               E®          ESTIMATE             MISSED  
 Jun. 30 2022  -0.12       -0.13      -0.23     Missed  -82.1
 Mar. 31 2022  -0.12       -0.12      -0.14     Missed  -13.5
 Dec. 31 2021  -0.09       -0.10      -0.10     Met     1.8​
 Sep. 30 2021  -0.08       -0.08      -0.19     Missed  -137
 ​​                                                     
                                                        ​
 This summary was machine generated November 1 at 02:04 GMT.  All
figures in US dollars  unless otherwise stated